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ESG implementation in developing countries

Re: ESG implementation in developing countries

by Md. Ashik Mahmud -
Number of replies: 0
Applying ESG strategy in developing countries requires a context-sensitive approach rather than directly adopting frameworks designed for developed economies. Firms should prioritize affordable clean energy transitions, responsible waste management, and climate resilience planning. Labor rights, community inclusion, and supply chain transparency carry the most weight. Companies must align with local social realities - fair wages, gender equity, and worker safety - where regulatory enforcement is often weak and self-governance matters more. Building transparent reporting systems, reducing corruption risk, and strengthening board accountability are foundational steps. Institutions should adopt globally recognized frameworks as well.